Maintaining financial records [AF-REC]

A sole trader takes £600 of goods from inventory for her own personal use. What is the correct treatment?

Debit purchases; credit drawings
No entry is required because the goods belong to the owner
Debit sales; credit inventory
Debit drawings; credit purchases (or inventory) at cost
Musterantwort und Erklärung siehst du nach der kostenlosen Anmeldung im Trainer. Jetzt kostenlos anmelden
← Maintaining financial records [AF-REC] Alle Themen Im Quiz üben